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Weekly review of Azerbaijani currency market

Politics Materials 17 April 2006 12:43
Weekly review of Azerbaijani currency market

As a result of the last week official rate of manat in regard to US dollar, set by the National Bank of Azerbaijan grew 0,0024 point or 0.24%. Average rate was established as 0.90734 manats per 1 US dollar, Trend reports.

Last week maximum rate of US dollar in respect to manat was established on 10 April (0.9082 manats per 1 US dollar), minimum 14 April (0.9058 manats per US dollar

Official rate of AZN in regard to USD

3 April

0,9090

10 April

0,9082

4 April

0,9087

11 April

0,9080

5 April

0,9085

12 April

0,9078

6

April

0,9086

13 April

0,9069

7 April

0,9083

14 April

0,9058

Average weekly

0,90862

Average weekly

0,90734


As of results of the last week exchange rates of Azerbaijani manat in regard to US dollar, established on the base of results of the Baku Interbank Currency Exchange (BICEX) increased by 0,0014 point or 0.14%. Average rate was fixed as 0.90712 manats per US dollar.

Last week maximum rate of US dollar in respect to manat was established on 10 April (0.9078 manats per 1 US dollar), minimum 13 and 14 April (0.9064 manats per US dollar).

Deals concluded last week at BEST with transition to currency (T+0) comprised $9m with average sustained exchange rate of 0,9087 AZN/USD on 10 April, $4,036m with average sustained rate of 0,9076 AZN/USD on 11 April, $1m with average sustained rate of 0,9074 AZN/USD on 12 April, $0,600 РјР"РЅ. СЃ РєСѓСЂСЃРѕРј 0,9064 AZN/USD 13 April, no deals, while the average sustained rate was 0,9064 AZN/USD - 14 April.

Exchange rate of AZN in regard to USD

3 April

April

0,9088

10 April

April

0,9078

4 April

April

0,9088

11 April

April

0,9076

5 April

April

0,9081

12 April

April

0,9074

6 April

April

0,9082

13 April

April

0,9064

64

7 April

April

0,9079

14 April

April

0,9064

Average weekly

0,90836

Average weekly

0,90712

712

Last week no deals were concluded through Russian currency due to absence of appeals. Only one deal was signed on EUR/AZN on 11 April in the amount of 5,000 euros with the average exchange rate of 1,1000 AZN.

Prices of vouchers grew in price. On 10 April prices of vouchers rose to 75,000 manats (15 AZN), on 12 April - 80,000 manats (16 AZN), on 13 April 80,000 manats (16 AZN) and 14 April - 85,000 manats (17 AZN).

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